How Much Is One RVU Worth For Medicare Patients 2017? A Detailed Explanation.

UPDADTE 2017: One RVU is worth $35.8887 for 2017 according to thisAMA site.UPDATE 2016: According tothis document on Office of the Federal Registrar regarding CMS-1631-P (on table 60 near the bottom of the document) the corrected 2016 RVU conversion factor for one RVU is $35.8043, not the previously reported $35.8279. This RVU conversion factor is in effect from January 1, 2016 through December 31, 2016.UPDATE for 2015: According to CMS documents (Medicare Physician Fee Schedule Final Rulepage 534), the 2015 RVU conversion factor for one RVU is $35.8013 from January 1st, 2015 through March 31st, 2015.  Unless Congress acts, the conversion factor from April 1st, 2015 through December 31st, 2015 is $28.2239.UPDATE for 2014: According to CMS documentMM8533, the 2014 RVU conversion factor for one RVU is $35.8228.  How much is one RVU worth? RVU stands for relative value unit.  Gohere for a detailed explanation of RVU.  You can also search theCMS website for the exact dollar value of all CPT ® codes. You can even search by your geographical locality. Medicare uses RVUs to value all billable CPT ® encounters your physician provides for you. I have written exhaustively in the past about RVU and how the whole process is open to manipulation. RVUs are used by many practices to define expectations, productivity and bonus structures for individual and group practices. Every CPT ® code your ...
Source: The Happy Hospitalist - Category: Internal Medicine Authors: Source Type: blogs